If you’re a U.S. citizen married to a non-U.S. citizen, it’s essential to understand the estate tax implications that may arise in the event of your passing. Estate taxes are taxes imposed on the transfer of property after someone passes away, and they can be levied by both the federal government and the state of […]
Estate Planning
New York Estate Tax Questions Answered
We find that people absorb information well when it is presented in a question and answer format. With this in mind, we will look at some commonly asked New York estate tax questions here. Do all NY residents pay the state-level estate tax? No, there is an estate tax exclusion that represents a certain amount […]
Breaking: Senate Finance Committee Advances SECURE Act 2
hidden The Setting Every Community Up for Retirement Security Enhancement (SECURE) Act was enacted in December of 2019. It impacted some of the guidelines for individual retirement accounts. Last year, a follow-up measure that has been dubbed SECURE Act 2.0 was introduced. A House version was finally passed on March 19 of this year. It […]
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